Intapp, Inc. (NASDAQ:INTA) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 26.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,129 shares of the company’s stock after selling 2,506 shares during the period. Fox Run Management L.L.C.’s holdings in Intapp were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in shares of Intapp in the 4th quarter valued at approximately $291,000. FORA Capital LLC acquired a new stake in shares of Intapp during the third quarter worth $566,000. Venturi Wealth Management LLC purchased a new position in Intapp in the 4th quarter valued at $305,000. Barclays PLC increased its stake in Intapp by 90.1% in the 3rd quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after buying an additional 50,607 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Intapp during the 4th quarter worth $378,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Intapp Stock Up 4.2 %

Intapp stock opened at $64.18 on Wednesday. The firm’s 50-day simple moving average is $66.77 and its 200 day simple moving average is $60.11. Intapp, Inc. has a 52 week low of $30.36 and a 52 week high of $77.74. The firm has a market capitalization of $5.10 billion, a PE ratio of -221.30 and a beta of 0.76.

Intapp (NASDAQ:INTA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, research analysts expect that Intapp, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTA has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their target price on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Truist Financial raised their price target on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a report on Friday, December 13th. UBS Group increased their price objective on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Barclays boosted their target price on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.45.

Insider Buying and Selling at Intapp

In other news, CMO Scott Fitzgerald sold 3,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $64.38, for a total value of $193,140.00. Following the sale, the chief marketing officer now directly owns 39,212 shares in the company, valued at $2,524,468.56. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michele Murgel sold 7,531 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $68.83, for a total value of $518,358.73. Following the sale, the insider now directly owns 223,945 shares in the company, valued at approximately $15,414,134.35. The trade was a 3.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,827 shares of company stock worth $11,825,658. 13.02% of the stock is owned by insiders.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.